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McDonald's stocks fall after report of credit crunch
September 22, 2008
Chicago Tribune: Shares of McDonald's Corp. dropped Monday after Bloomberg News reported that the company had issued a memo to franchisees explaining that a credit line from Bank of America has been exhausted. The memo also stated the Charlotte-based bank would not be extending further financing while it hashes out the details of its acquisition of Merrill Lynch & Co. McDonald's stock fell 2.2 percent, to $62.57.
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